Why Analysts Are Split on Cisco Systems, Inc. (CSCO)

Cisco Systems, Inc. (NASDAQ:CSCO) is among the most undervalued tech giants to buy according to hedge funds. As of December 26, Cisco Systems, Inc. (NASDAQ:CSCO) has a ‘Buy’ or equivalent rating from slightly more than half of the analysts covering the stock. With a median one-year price target of $86.50, the stock exhibits a 10.84% upside potential. Among the analysts with a neutral view on the stock is Tim Long, an analyst at Barclays, who reaffirmed a ‘Hold’ rating on CSCO and set a price target of $76 on December 11.

Later on December 17, Morgan Stanley lifted the price target on Cisco Systems, Inc. (NASDAQ:CSCO) to $91 from $82, and kept the ‘Overweight’ rating unchanged. This implies an upside potential of approximately 17% relative to the current price. As reported by The Fly, the analyst highlighted that AI trade has expanded beyond semiconductor names within the year, favoring infrastructure names, especially within optical.